Require a Income Statement
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Require a Income Statement
![Calibri
田。の,A.|明明劃一南南
omat Painter
poard
Font
Alignm
Sales during period is
Raw material used in production
Direct labour cost incurred
Indirect labour cost (fixed)
Indirect labour cost (variable)
Administrative expenses (fixed)
Other variable factory overheads
Fixed Selling and distribution expenses
800,000
70,000
100,000
30,000
60,000
20,000
70,000
50,000
Sale return from customer
20,000
Inventory in finished goods at start
Inventory in finished goods at end
50,000
60,000
Inventory in Work in process at start
20,000
Inventory in work in process at end
30,000
Sheetl
lenovo](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36d1b5a6-8ee7-421f-bf8b-8d36de9294e2%2F4b5f9459-a6c8-4c8a-98d7-cdaa2b293f67%2Ff2laeht_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calibri
田。の,A.|明明劃一南南
omat Painter
poard
Font
Alignm
Sales during period is
Raw material used in production
Direct labour cost incurred
Indirect labour cost (fixed)
Indirect labour cost (variable)
Administrative expenses (fixed)
Other variable factory overheads
Fixed Selling and distribution expenses
800,000
70,000
100,000
30,000
60,000
20,000
70,000
50,000
Sale return from customer
20,000
Inventory in finished goods at start
Inventory in finished goods at end
50,000
60,000
Inventory in Work in process at start
20,000
Inventory in work in process at end
30,000
Sheetl
lenovo
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